As Gazprom stares into the abyss, oil companies get ready to do business

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As Gazprom stares into the abyss, oil companies get ready to do business

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(Here's the problem: the oil companies have seen this movie before, back in the 90s. They came in, the Kremlin waited for oil to go up, and then began the behavior cited in the article. Why would they believe that history will not repeat itself? Once bitten, twice shy.

I expect Exxon will take a long spoon to the negotiating table? New Russia has a rather worse reputation for honoring its contractual commitments than its predecessor the USSR.)